
Thursday, 20th November 2008 - 16:42CET
Central Bank investigating information leakage claim
The Central Bank has launched an investigation following remarks by IT Minister Austin Gatt in Parliament that a Bank official was a consultant to the Opposition.
Dr Gatt had mentioned Sandro Demarco, a Central Bank manager responsible for confidential HCIP (Harmonised Index of Consumer Prices) data which the bank forwards to the European Central Bank.
Opposition Leader Joseph Muscat yesterday denied that Mr Demarco leaked information to the Opposition.
The Central Bank said its investigation is being conducted in accordance with its internal procedures in order to establish the facts relating to the case.
The investigation is being led by the chairman of the Bank’s Audit Committee, who will appoint experts to assist him.




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Is that all that you have to say to establish the truth?
An idiotic remark, dots, capital letters and exclamation marks?
Dr. Gatt and Dr. Muscat should be the main witnesses. Is Sandro Demarco 'the lamb to sacrifice"?
Since Dr. Gatt revealed this leakage AND the leader of the MLP is involved then naturally the outcome of the investigation shall favour Dr. Gatt!!
Had Labour had its way today NO EU, NO EURO which would mean HIGHER interest rates - look at all other countries not in the EU!
Fully agree with you. But then the most Hon Dr. Austin Gatt LL.D., M.P should not have interfered. Nameing and shaming without investigating - smells of an alienating political rat.
@.. Evarist Saliba... PN Apologist No:1...
YOU MUST BE JOKING, My Friend......!!!! That`s all.......
How can people be so blatantly biased that they deny the truth which is public?
An investigation was carried out, blame allocated, and steps taken.
Stop trying to deny facts to suit your own biased agenda. You only manage to undermine your credibility.
Well it seems that A.Gatt is still the MLP target even in these days. Well he has been so for almost 30 years in which years he proved himself by results both on party and ministerial level
What I can say to all posting their comments is that Let us have more like A.Gatt in both parties With all mistakes and some times some arrogance Malta needs politicians like A.Gatt
@..J. Martinelli, re reply to I. Galea`s comment..."..they, (MLP), were secretly receiving, unauthorized confidential information from Central Bank... What a cheek..??"
Sur Martinelli, the so called "..confidential information`.." which i guess you are implying to, are the huge tariffs on our Water and Electricity bills, which Prime Minister Number 2, Agostino Gatt wants to SLAM on us, AT ALL COSTS and IRRISPECTIVE of all the damaging consequences thereafter on the Maltese economy in general, and which should not have been `So Secret` after all, right.....??!!??!!
For your information, ALL SHAME AND `CHEEK` should be directed to PM No:2, Agostino Gatt, for hiding from us how exactly these tariffs were calculated and on what bases....... And to PM No: 1, GonziPN, for also trying to hide them from us by NOT even mentioning them in his budget speech AT ALL...!!!!
NOW THAT`S THE REAL `CHEEK`, SUR MICALLEF... MHUX HEKK...!!??!!??
U MELA TA DR. MUSCAT GHAX GABILNA GHAL-ATTENZJONI TAGHNA LKOLL, IL-VERITA MOHBIJJA MILL-PM NO: 1 U L-PM NO: 2.....!!!!!!! IL-VERU GHARUKAZA KIF GonziPN & CO., JIPPRETENDU LI JIBQGHU JGHADDU LILL- POPLU MALTI BIZ-ZMIEN, IL-HIN KOLLU.....!!!!!!
HALLINA HABIB.....
U GRAZZI MILL-QALB JOSEPH.. IBQA SEJJER HEKK...
I agree that such claims should be investigated fully and with all the relevant discretion. However I do feel that this case is being treated a bit more differently than the MITTS case and the PN's Sec Gen email to the Government departments.
People who complain to ministries Leakage....
Central Bank Leakage...
Makes one REALLY wonder doesn't it??!!
What worries more than this, however, is the apparent ease with which any MP with a grudge against someone can draft an email with that person's name on it, table it in the House, and destroy that person's career in a second. That's done in Zimbabwe, not Malta.
There is nothing wrong with giving a full day's work. What is wrong, is what one does during work hours which is not part of his normal duties, or worse, in his own spare time, after working hours, communicationg and passing information to unauthorized persons.
@ I Galea
Another one of your priceless gems. Let me get this right. While your MLP were up in arms regarding the hacking of MITTS (and we don't know by whom), they were secretly receiving unauthorized confidential information from Central Bank? What a cheek!
@ I Abela. It's not that difficult to determine who the liar is, if any, since the information Austin Gatt passed on was obtained from the careless handling of electronic information appearing on Labour papers themselves!
@Maria Falzon, which planet are you orbiting?
@ Peter Camilleri, how do you know, Mr. Demarco is a Labour supporter?
@A Dalli - who determines what information is confidential or not? If CB and ECB deem it confidential, it is.
What really angers me is that the name of Mr Demarco has been made public by no other than Austin Gatt without an investigation being carried out before. If Austin Gatt really had suspicion on this person, he should have said his name to the CBM superiors and not publicly. Then if found guilty his name is made public.
For me this is a threat to all those public service officials who do not side with the government. It's a subtle warning. It's very intimidating.
I think you know what was the MLP reaction. This happened just two or three years ago and not during the mizbla days
The Central Bank is not only autonomous of the government but also now forms part of the European System of Central Banks.
Its officials thus have sensitive data that sometimes not even the government has before it is published.
So, if - and only if - there was a leak to the Labour Party, as Minister Austin Gatt alleged in Parliament (ie that Labour had and actually used the HICP data before it was published) then this would have been highly irregular and very serious.
It's only right that such a serious matter be investigated by the Central Bank itself.
What Labour published had his name in its properties. This surely cannot be blamed on the government either.
Being a Labour supporter, as the investigated official is in this case, does not make him immune to investigation, as some comments here seem to expect.
Unfortunately leaks often cast doubt on innocent people for the clever person who wanst to leak information often does it in a way which creates suspicion on some unsuspecting colleague.
People's loyalty should first be towards the entity they work with.
We are not talking about scandals here , we are talking about official information which is intended for specific purposes and is published AFTER it is crosschecked by the ECB .
This is not a whistle-blower, the person concerned should declare his "consultancy" interests , if they exist.
The European Central Bank is open to all passed on information throughout the EU.
He is a friend and a good stirrer.